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Monthly Archives: November 2019

NASA cost to fly astronauts with SpaceX, Boeing and Russian Soyuz

The astronauts assigned to crew the first flight tests and missions of the Boeing CST-100 Starliner and SpaceX Crew Dragon acknowledge the media upon introduction at NASA’s Johnson Space Center in Houston, Texas, U.S., August 3, 2018. The astronauts are (L to R): Victor Glover, Robert Behnken, Michael Hopkins, Douglas …

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Bulletproof stock market shakes off negative trade headlines and keeps marching to records

Traders wear “DOW 28,000” hats on the floor of the New York Stock Exchange (NYSE) on November 15, 2019 in New York City. As trade talks with China show some progress, the Dow Jones Industrial Average rose 222 points to close above 28, 000 for a new record. Spencer Platt …

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Fisher Investments loses Chicago police pension; losses top $3 billion

Kenneth Fisher, founder, chairman and chief executive officer of Fisher Investments, speaks during a television interview in New York, May 10, 2010. Jonathan Fickies | Bloomberg | Getty Images The Chicago police pension fund is ending its $67 million relationship with Fisher Investments. The Policemen’s Annuity and Benefit Fund of …

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Replica of da Vinci’s Mona Lisa sells for 552,500 euros

FILE PHOTO: A worker installs a 17th century copy of the painting Mona Lisa before its auction at Sotheby’s auction house in Paris, France, November 14, 2019. REUTERS/Johanna Geron/File Photo PARIS (Reuters) – A 17th-century copy of Leonardo da Vinci’s “Mona Lisa” was sold on Tuesday at Sotheby’s auction house …

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Stock pickers are getting too confident and that may be a bad sign for the rally

Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images News | Getty Images Investors may be just too comfortable picking individual stocks, and ignoring the macro risks that could derail the rally and broadly hit all of the market’s stocks. …

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American Express offers sign-up bonuses to lure new merchants

Kai Pfaffenbach | Reuters American Express is paying companies to start accepting its cards to keep up with the world’s largest payment processors Visa and Mastercard. The payment is to help businesses with the start-up costs required to begin accepting American Express, historically known for its high-end customers. Some of …

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Hedge funds buying stocks exposed to US-China trade on hopes for deal

U.S. President Donald Trump and China’s President Xi Jinping at the G20 leaders summit in Japan on June 29, 2019. Kevin Lamarque | Reuters While some investors remain skeptical of a U.S.-China trade deal, the smart money has started to bet on a resolution to this jarring battle that has …

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Don’t botch this year-end retirement move, or else you’ll face taxes

Marc Romanelli | Blend Images | Getty Images Procrastination comes at a steep cost for older savers who want to hold off on taking mandated withdrawals from their retirement accounts. If you turned 70½ this year or you’re older, you’re on the hook for a required minimum distribution out of …

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This economic trend could revive recession fears

Economic forecaster Lakshman Achuthan is detecting a stark disconnect between Wall Street and the economy. As stocks continue to hit new highs, he’s worried investors are wrongly assuming an economic revival is underway. “The actual data itself is just decelerating pretty hard actually,” the Economic Cycle Research Institute co-founder told …

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Paying down debt tops the holiday wish list for many Americans

‘Tis the season to be jolly. Yet, stress is the prevailing emotion. The vast majority, or roughly 70%, of adults are stressed about the upcoming holiday season, mostly thanks to money woes, according to a survey from Country Financial. If money were no object, half of those surveyed said that …

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